It is the equivalent of saying "Food stamps Guru" if you want to get in the grocery business. 

If you are holding it as a rental and you've have it "ready for rent," then you really should be using SchE, or whatever is the equivalent for doing the partnership return (which I thought would pass onto your personal SchE also). 

My ancestors in Norway were tenant farmers where the equivalent of an English landlord owned the property and were above them in a sort of a caste system.  

Is the VRBO Host Fee basically the equivalent of the Cleaning Fee on Airbnb, and at the discretion of the host and for them to collect? 

And make sure to account for the following in your operating expenses to get to the real cash flow:1) Mortgage2) Mortgage insurance (PMI or MIP) or FHA Risk base3) Property Taxes4) City Taxes5) HOA (Home Owner’s Association) Dues and Fees and Assessments6) Insurance   a) Property Hazard Insurance   b) Flood Insurance   c) Earthquake Insurance   d) Umbrella Insurance7) Vacancy Rate (usually 8% - the equivalent to one month a year, or 5-6% if multifamily and/or if experienced, if not use 8%)8) Utilities (you’ll have these if your tenant is not covering them and/or during vacancy)   a) Water § Sewer § Garbage   b) Electricity   c) Natural Gas   d) Propane9) General Maintenance (usually 5%)   a) Upkeep § Landscaping   b) Snow removal   c) Repairs   d) New Appliances10) Capital Expenditures (usually 5%, higher is the property is old and obsolete, less if fully rehabbed and all mechanicals and roof are new)11) Property Management (8%, even if you self manage, your time still has value and there might be a time when you'll want to be completely hands off or you'll not be able to do it, vacation, retirement, etc.), including...  

Having a leveraged asset (i.e. debt) that produces gains over time (appreciation, cash flow, etc.) is not the equivalent of "being in the red." 

And, imho, this was it.I decided that a 1 day seminar for $100 would be a good deal, but not if he was going to spend the equivalent of 2 hrs trying to sell me on his program.  

Since you make more than your bills, paying down debt is the equivalent of earning a return equal to your interest rates on your debts.

Matt, this is almost the equivalent of asking, "Is the United States a good country?"

I mean heck I can make $2k+ per year for bringing an agent who does well (there is some incentive to help train and push new agents) That's like cash flow equivalent to a new rental that can't lose me money or have a furnace go out ever!